Columbia Sportswear (NASDAQ:COLM) to Issue $0.30 Quarterly Dividend

Columbia Sportswear (NASDAQ:COLM - Get Free Report) declared a quarterly dividend on Thursday, April 25th, RTT News reports. Investors of record on Thursday, May 16th will be paid a dividend of 0.30 per share by the textile maker on Thursday, May 30th. This represents a $1.20 annualized dividend and a dividend yield of 1.52%.

Columbia Sportswear has raised its dividend payment by an average of 66.5% annually over the last three years. Columbia Sportswear has a payout ratio of 27.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Columbia Sportswear to earn $4.39 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 27.3%.

Columbia Sportswear Stock Performance

Shares of NASDAQ COLM traded down $0.77 during mid-day trading on Thursday, hitting $79.01. The stock had a trading volume of 862,762 shares, compared to its average volume of 502,843. Columbia Sportswear has a 1 year low of $66.01 and a 1 year high of $88.17. The business has a 50 day moving average price of $78.87 and a two-hundred day moving average price of $77.92. The firm has a market cap of $4.70 billion, a P/E ratio of 19.32, a price-to-earnings-growth ratio of 3.24 and a beta of 0.94.

Columbia Sportswear (NASDAQ:COLM - Get Free Report) last issued its earnings results on Thursday, February 1st. The textile maker reported $1.86 EPS for the quarter, missing the consensus estimate of $2.00 by ($0.14). Columbia Sportswear had a return on equity of 14.11% and a net margin of 7.21%. The firm had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.08 billion. Equities research analysts predict that Columbia Sportswear will post 3.68 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on COLM. StockNews.com downgraded shares of Columbia Sportswear from a "buy" rating to a "hold" rating in a research report on Tuesday, January 9th. UBS Group reduced their price objective on shares of Columbia Sportswear from $62.00 to $59.00 and set a "sell" rating on the stock in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, Columbia Sportswear currently has an average rating of "Hold" and a consensus price target of $78.00.

Insider Activity

In other news, Director Stephen E. Babson sold 2,411 shares of the business's stock in a transaction on Monday, February 12th. The shares were sold at an average price of $80.98, for a total transaction of $195,242.78. Following the sale, the director now owns 122,879 shares in the company, valued at approximately $9,950,741.42. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Ronald E. Nelson sold 5,768 shares of the business's stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $82.05, for a total transaction of $473,264.40. Following the sale, the director now owns 16,857 shares in the company, valued at approximately $1,383,116.85. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Stephen E. Babson sold 2,411 shares of the company's stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $80.98, for a total transaction of $195,242.78. Following the completion of the transaction, the director now owns 122,879 shares in the company, valued at approximately $9,950,741.42. The disclosure for this sale can be found here. Company insiders own 43.00% of the company's stock.

Columbia Sportswear Company Profile

Columbia Sportswear Company, together with its subsidiaries, designs, develops, markets, and distributes outdoor, active, and everyday lifestyle apparel, footwear, accessories, and equipment in the United States, Latin America, the Asia Pacific, Europe, the Middle East, Africa, and Canada. The company provides apparel, accessories, and equipment for hiking, trail running, snow, fishing, hunting, mountaineering, climbing, skiing and snowboarding, trail, and outdoor activities.